The global Automotive & Vehicle Insurance market size was valued at US$ 208900 million in 2023. With growing demand in downstream market, the Automotive & Vehicle Insurance is forecast to a readjusted size of US$ 251680 million by 2030 with a CAGR of 2.7% during review period.
The research report highlights the growth potential of the global Automotive & Vehicle Insurance market. Automotive & Vehicle Insurance are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive & Vehicle Insurance. 麻豆原创 players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive & Vehicle Insurance market.
Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Key Features:
The report on Automotive & Vehicle Insurance market reflects various aspects and provide valuable insights into the industry.
麻豆原创 Size and Growth: The research report provide an overview of the current size and growth of the Automotive & Vehicle Insurance market. It may include historical data, market segmentation by Type (e.g., Liability Insurance, Collision Coverage), and regional breakdowns.
麻豆原创 Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive & Vehicle Insurance market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive & Vehicle Insurance market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive & Vehicle Insurance industry. This include advancements in Automotive & Vehicle Insurance technology, Automotive & Vehicle Insurance new entrants, Automotive & Vehicle Insurance new investment, and other innovations that are shaping the future of Automotive & Vehicle Insurance.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive & Vehicle Insurance market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive & Vehicle Insurance product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive & Vehicle Insurance market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive & Vehicle Insurance market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive & Vehicle Insurance market.
麻豆原创 Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive & Vehicle Insurance industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive & Vehicle Insurance market.
麻豆原创 Segmentation:
Automotive & Vehicle Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Liability Insurance
Collision Coverage
Comprehensive Coverage
Personal Injury Protection
Segmentation by application
Passenger Car
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
State Farm
GEICO
Progressive
Allstate
USAA
Liberty Mutual
Farmers
Nationwide
Travelers
American Family
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Automotive & Vehicle Insurance 麻豆原创 Size 2019-2030
2.1.2 Automotive & Vehicle Insurance 麻豆原创 Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Automotive & Vehicle Insurance Segment by Type
2.2.1 Liability Insurance
2.2.2 Collision Coverage
2.2.3 Comprehensive Coverage
2.2.4 Personal Injury Protection
2.3 Automotive & Vehicle Insurance 麻豆原创 Size by Type
2.3.1 Automotive & Vehicle Insurance 麻豆原创 Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Automotive & Vehicle Insurance 麻豆原创 Size 麻豆原创 Share by Type (2019-2024)
2.4 Automotive & Vehicle Insurance Segment by Application
2.4.1 Passenger Car
2.4.2 Commercial Vehicle
2.5 Automotive & Vehicle Insurance 麻豆原创 Size by Application
2.5.1 Automotive & Vehicle Insurance 麻豆原创 Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Automotive & Vehicle Insurance 麻豆原创 Size 麻豆原创 Share by Application (2019-2024)
3 Automotive & Vehicle Insurance 麻豆原创 Size by Player
3.1 Automotive & Vehicle Insurance 麻豆原创 Size 麻豆原创 Share by Players
3.1.1 Global Automotive & Vehicle Insurance Revenue by Players (2019-2024)
3.1.2 Global Automotive & Vehicle Insurance Revenue 麻豆原创 Share by Players (2019-2024)
3.2 Global Automotive & Vehicle Insurance Key Players Head office and Products Offered
3.3 麻豆原创 Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Automotive & Vehicle Insurance by Regions
4.1 Automotive & Vehicle Insurance 麻豆原创 Size by Regions (2019-2024)
4.2 Americas Automotive & Vehicle Insurance 麻豆原创 Size Growth (2019-2024)
4.3 APAC Automotive & Vehicle Insurance 麻豆原创 Size Growth (2019-2024)
4.4 Europe Automotive & Vehicle Insurance 麻豆原创 Size Growth (2019-2024)
4.5 Middle East & Africa Automotive & Vehicle Insurance 麻豆原创 Size Growth (2019-2024)
5 Americas
5.1 Americas Automotive & Vehicle Insurance 麻豆原创 Size by Country (2019-2024)
5.2 Americas Automotive & Vehicle Insurance 麻豆原创 Size by Type (2019-2024)
5.3 Americas Automotive & Vehicle Insurance 麻豆原创 Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automotive & Vehicle Insurance 麻豆原创 Size by Region (2019-2024)
6.2 APAC Automotive & Vehicle Insurance 麻豆原创 Size by Type (2019-2024)
6.3 APAC Automotive & Vehicle Insurance 麻豆原创 Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Automotive & Vehicle Insurance by Country (2019-2024)
7.2 Europe Automotive & Vehicle Insurance 麻豆原创 Size by Type (2019-2024)
7.3 Europe Automotive & Vehicle Insurance 麻豆原创 Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automotive & Vehicle Insurance by Region (2019-2024)
8.2 Middle East & Africa Automotive & Vehicle Insurance 麻豆原创 Size by Type (2019-2024)
8.3 Middle East & Africa Automotive & Vehicle Insurance 麻豆原创 Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Global Automotive & Vehicle Insurance 麻豆原创 Forecast
10.1 Global Automotive & Vehicle Insurance Forecast by Regions (2025-2030)
10.1.1 Global Automotive & Vehicle Insurance Forecast by Regions (2025-2030)
10.1.2 Americas Automotive & Vehicle Insurance Forecast
10.1.3 APAC Automotive & Vehicle Insurance Forecast
10.1.4 Europe Automotive & Vehicle Insurance Forecast
10.1.5 Middle East & Africa Automotive & Vehicle Insurance Forecast
10.2 Americas Automotive & Vehicle Insurance Forecast by Country (2025-2030)
10.2.1 United States Automotive & Vehicle Insurance 麻豆原创 Forecast
10.2.2 Canada Automotive & Vehicle Insurance 麻豆原创 Forecast
10.2.3 Mexico Automotive & Vehicle Insurance 麻豆原创 Forecast
10.2.4 Brazil Automotive & Vehicle Insurance 麻豆原创 Forecast
10.3 APAC Automotive & Vehicle Insurance Forecast by Region (2025-2030)
10.3.1 China Automotive & Vehicle Insurance 麻豆原创 Forecast
10.3.2 Japan Automotive & Vehicle Insurance 麻豆原创 Forecast
10.3.3 Korea Automotive & Vehicle Insurance 麻豆原创 Forecast
10.3.4 Southeast Asia Automotive & Vehicle Insurance 麻豆原创 Forecast
10.3.5 India Automotive & Vehicle Insurance 麻豆原创 Forecast
10.3.6 Australia Automotive & Vehicle Insurance 麻豆原创 Forecast
10.4 Europe Automotive & Vehicle Insurance Forecast by Country (2025-2030)
10.4.1 Germany Automotive & Vehicle Insurance 麻豆原创 Forecast
10.4.2 France Automotive & Vehicle Insurance 麻豆原创 Forecast
10.4.3 UK Automotive & Vehicle Insurance 麻豆原创 Forecast
10.4.4 Italy Automotive & Vehicle Insurance 麻豆原创 Forecast
10.4.5 Russia Automotive & Vehicle Insurance 麻豆原创 Forecast
10.5 Middle East & Africa Automotive & Vehicle Insurance Forecast by Region (2025-2030)
10.5.1 Egypt Automotive & Vehicle Insurance 麻豆原创 Forecast
10.5.2 South Africa Automotive & Vehicle Insurance 麻豆原创 Forecast
10.5.3 Israel Automotive & Vehicle Insurance 麻豆原创 Forecast
10.5.4 Turkey Automotive & Vehicle Insurance 麻豆原创 Forecast
10.5.5 GCC Countries Automotive & Vehicle Insurance 麻豆原创 Forecast
10.6 Global Automotive & Vehicle Insurance Forecast by Type (2025-2030)
10.7 Global Automotive & Vehicle Insurance Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 State Farm
11.1.1 State Farm Company Information
11.1.2 State Farm Automotive & Vehicle Insurance Product Offered
11.1.3 State Farm Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.1.4 State Farm Main Business Overview
11.1.5 State Farm Latest Developments
11.2 GEICO
11.2.1 GEICO Company Information
11.2.2 GEICO Automotive & Vehicle Insurance Product Offered
11.2.3 GEICO Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.2.4 GEICO Main Business Overview
11.2.5 GEICO Latest Developments
11.3 Progressive
11.3.1 Progressive Company Information
11.3.2 Progressive Automotive & Vehicle Insurance Product Offered
11.3.3 Progressive Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.3.4 Progressive Main Business Overview
11.3.5 Progressive Latest Developments
11.4 Allstate
11.4.1 Allstate Company Information
11.4.2 Allstate Automotive & Vehicle Insurance Product Offered
11.4.3 Allstate Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.4.4 Allstate Main Business Overview
11.4.5 Allstate Latest Developments
11.5 USAA
11.5.1 USAA Company Information
11.5.2 USAA Automotive & Vehicle Insurance Product Offered
11.5.3 USAA Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.5.4 USAA Main Business Overview
11.5.5 USAA Latest Developments
11.6 Liberty Mutual
11.6.1 Liberty Mutual Company Information
11.6.2 Liberty Mutual Automotive & Vehicle Insurance Product Offered
11.6.3 Liberty Mutual Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.6.4 Liberty Mutual Main Business Overview
11.6.5 Liberty Mutual Latest Developments
11.7 Farmers
11.7.1 Farmers Company Information
11.7.2 Farmers Automotive & Vehicle Insurance Product Offered
11.7.3 Farmers Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.7.4 Farmers Main Business Overview
11.7.5 Farmers Latest Developments
11.8 Nationwide
11.8.1 Nationwide Company Information
11.8.2 Nationwide Automotive & Vehicle Insurance Product Offered
11.8.3 Nationwide Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.8.4 Nationwide Main Business Overview
11.8.5 Nationwide Latest Developments
11.9 Travelers
11.9.1 Travelers Company Information
11.9.2 Travelers Automotive & Vehicle Insurance Product Offered
11.9.3 Travelers Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.9.4 Travelers Main Business Overview
11.9.5 Travelers Latest Developments
11.10 American Family
11.10.1 American Family Company Information
11.10.2 American Family Automotive & Vehicle Insurance Product Offered
11.10.3 American Family Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.10.4 American Family Main Business Overview
11.10.5 American Family Latest Developments
12 Research Findings and Conclusion
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*If Applicable.